Cryptocurrency has had a huge impact on the world. It has helped people make money and develop their art. Blockchain technology has revolutionized many of the things people do and how they do them. A good example is how artists can create art according to their taste and preference and be able to sell the art as NFTs, making a lot of money in the process. Apart from the creative scene, the other field has been impacted more due to the use and the adoption of blockchain technology in banking and finance.
Blockchain technology and cryptocurrency can be adapted as currencies and used as legal tenders of exchange. Since cryptocurrency has value, people have been adopting the technology to perform some of the many financial activities they are involved in. some of the most common include that cryptocurrency is being used as a store of value. Due to its decentralized nature, many people and businesses save their money in cryptocurrency rather than fiat currency. Cryptocurrency has also been used as a mode of payment. Some companies pay their employees through cryptocurrency.The other way cryptocurrency can be used is for lending; this will be the main focus of this article. Cryptocurrency is changing how people access loans, and this might have a huge impact on the world.
Cryptocurrency may not be a currency but protocols set in place using blockchain technology, but this has not stopped people from realizing the value they could have. One of the things that people do with their money lends it to others who need financial boosts. This is one of the ways to make passive income from your money. Most banks and financial institutions make billions in profits from their lending platforms. Cryptocurrency is duplicating this through the development of various crypto lending platforms that are cropping up and making waves in the industry.
One of the most recent news on crypto lending platforms has been from Hedge. Hedge has been developed to be a crypto lending platform that will offer lending services to its clients. Since the platform is still being developed, there isn’t much that people know about the platform and the technology that will be used. But the company has been making waves and sourcing funds that will be available for lending on the platform.
From the news published about the organization, Hedge has been able to raise $3.7 million in funds that will be available for lending on the platform. Considering that the platform targets to offer their lending services to normal lads such as you and me and not big corporations, it is safe to say that this is a good amount to use as its initial investment in the venture. The best thing about this is that they are planning to launch and offer interest-free loans. They are planning to use the policy of offering 90% loan-to-value ratios meaning that people will have to deposit 10% of the desired value they would like to borrow.
Cryptocurrency has had a huge impact on the world. It has helped people to make money and develop their art. To explain this further, blockchain technology has revolutionized many of the things people do and how they perform most of the tasks they have in the world. A good example is how creative can create art according to their taste and preference and be able to sell the art as NFTs, making a lot of money in the process. Apart from the creative scene, the other field has had a huge impact due to the use and the adoption of blockchain technology in banking and finance.
Blockchain technology and cryptocurrency can be adapted as currencies and used as legal tenders of exchange. Since cryptocurrency has value, people have been adopting the technology to perform some of the many financial activities they are involved in. some of the most common include that cryptocurrency is being used as a store of value. Due to its decentralized nature, many people and businesses save their money in cryptocurrency rather than fiat currency. Cryptocurrency has also been used as a mode of payment. Some companies pay their employees through cryptocurrency, and some goods and services can only be obtained through cryptocurrency. The other way cryptocurrency can be used is for lending; this will be the main focus of this article. Cryptocurrency is changing how people access loans, and this might have a huge impact on the world.
Cryptocurrency may not be a currency but protocols set in place using blockchain technology, but this has not stopped people from realizing the value they could have. One of the things that people do with their money lends it to others who need financial boosts. This is one of the ways to make passive income from your money. Most banks and financial institutions make billions in profits from their lending platforms. Cryptocurrency is duplicating this through the development of various crypto lending platforms that are cropping up and making waves in the industry.
One of the most recent news on crypto lending platforms has been from Hedge. Hedge has been developed to be a crypto lending platform that will offer lending services to its clients. Since the platform is still being developed, there isn’t much that people know about the platform and the technology that will be used. But the company has been making waves and sourcing funds that will be available for lending on the platform.
From the news published about the organization, Hedge has been able to raise $3.7 million in funds that will be available for lending on the platform. Considering that the platform targets to offer their lending services to normal lads such as you and me and not big corporations, it is safe to say that this is a good amount to use as its initial investment in the venture. The best thing about this is that they are planning to launch and offer interest-free loans. They are planning to use the policy of offering 90% loan-to-value ratios meaning that people will have to deposit 10% of the desired value they would like to borrow.
